Day of COMPLETE stability for soybeans



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Paraná seems to be inspired by Rio Grande do Sul.

The soybean market in the state of Rio Grande do Sul had a day of complete price and business stability, according to information released by TF Agroeconomic. “The soybean market has remained stable, with factories located in the interior of the country proving to be more competitive than trading companies in the port. Today, both the dollar performed below expectations, due to the pressures caused by the December inflation release, and Chicago also remained slightly negative”, he comments.

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“At the port, there were no new price indications, the R$ 187.00 left in the table alongside are only symbolic. In the interior, all positions were maintained, with the exception of Santa Rosa, which depreciated by R$ 1.00/bag and was at R$ 184.00. Ijuí and Passo Fundo remain at R$ 185.00. Cruz Alta at R$ 186.00”, he adds.

Santa Catarina has rising prices and traded volumes. “The year finally seems to have started for soybeans in Santa Catarina. Of course, some other volumes left earlier, but curiously, on that day without significant positivity on the part of the international market, prices rose by R$ 2.00/bag and slightly better volumes left, both in the port of São Francisco do Sul at R$ 179 .00 as much as soy from Santa Catarina in the port of Paranaguá”, he indicates.

Paraná seems to be inspired by Rio Grande do Sul. “The grain market remains stable, without significant price variations, something that has been recurring in recent times. The flow of business has not been significant, and concerns about the climate and price projections are still evident. However, demand remains robust and therefore, even on days of uncertainty, price stability is maintained. Financial market volatility has been moderate, however, US inflation data and the political repercussions in Brasília are still a source of concern”, he concludes.

Source: Leonardo Gottems | agrolink

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